Skip to main content

Equatorial Guinea sets more ambitious GHG reduction targets for 2030

Equatorial Guinea has updated its Nationally Determined Contribution, pledging to conditionally cut its greenhouse gas (GHG) emissions by 35% in 2030 and 50% in 2050, compared to 2010 levels. The country previously aimed to conditionally reduce its GHG emissions by 20% in 2030 compared to 2010 levels. Theses goals are conditional to a US$943m international financing, including 577m for mitigation measures. Most notably, the government plans to build a 205 MW hydropower plant on the Wele river. Equatorial Guinea's installed capacity reached 349 MW at end-2020, with 167 MW of gas and 55 MW of oil.

In 2019, the country's gross GHG emissions stood at 17 MtCO2eq, with 61% for the energy sector and 37% for industrial processes. CO2 accounts for 96% of Equatorial Guinea's GHG emissions. Taking into account GHG emissions and removals from the land use, land use change and forestry (LULUCF) sector, the country becomes a net sink of GHG emissions.

Global energy reports

Interested in Global Energy Research?

Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.

This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.

Request a free trial Contact us